UPDATE: Canaccord Genuity Raises Whole Foods Market's PT

According to a research report published this morning, Canaccord Genuity has increased Whole Foods Market's

PT from $91 to $102. In the report, Canaccord Genuity said, "Whole Foods is well positioned in the growing segment of natural food retailing, as it generates strong comps and robust unit growth to deliver top-line momentum and improving profitability. WFM continues to deliver strong comps (9.5%), further improvement in contribution margin (10.8% vs. 9.7%) and EPS upside ($0.64 vs. consensus of $0.59). Raised guidance should help keep share price momentum intact." Canaccord Genuity maintains its Buy rating on Whole Foods Market, which closed yesterday at $84.31.